Islamic private banking looks set for strong growth in the Middle East, Standard Chartered Plc’s head of private banking ex-Asia said on Monday.
From a current very low base, private banking services adhering to Islamic principles will grow to between 20 and 25 percent of new wealth management business within two or three years, said Stephen Richards Evans, head of private banking for Europe, Middle East, Africa, South Asia and the Americas………………………………………..Full Article: Source